Ishares Core £ Corp Bond Ucits Etf ETF Forecast
Ishares Core £ Corp Bond Ucits Etf ETF upgraded to Hold/Accumulate.
(Updated on Jul 02, 2024)
The Ishares Core £ Corp Bond Ucits Etf ETF price gained 0.276% on the last trading day (Tuesday, 2nd Jul 2024), rising from £121.20 to £121.53. During the last trading day the ETF fluctuated 0.376% from a day low at £121.25 to a day high of £121.71. The price has been going up and down for this period, and there has been a -0.14% loss for the last 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 25 thousand more shares were traded than the day before. In total, 33 thousand shares were bought and sold for approximately £4.03 million.
The ETF is moving within a narrow and horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect Ishares Core £ Corp Bond Ucits Etf ETF with a 90% probability to be traded between £120.77 and £123.95 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and ETFS seldom manage to go directly from the bottom of a trend up to the top. ETFS turning up in the middle of a horizontal trend are therefore considered to be potential runners.
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SLXX.L Signals & Forecast
A buy signal was issued from a pivot bottom point on Monday, July 01, 2024, and so far it has risen 0.276%. Further rise is indicated until a new top pivot has been found. Volume is rising along with the price. This is considered to be a good technical signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Ishares Core £ Corp Bond Ucits Etf ETF holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at £121.81 and £122.40. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). The ETF had a Golden Star Signal on Monday, October 30, 2023 in the long-term chart.
Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the ETF in question.
Golden Star 12 Months
The ETF had a Golden Star Signal on Monday, October 30, 2023 in the long-term chart.Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the ETF in question.
A buy signal from a double bottom formation was found on Monday, July 01, 2024 and based on theory for this formation the price should go up by 2.49% to £124.55 within 44 trading days since signal was issued (Monday, September 02, 2024).
Support, Risk & Stop-loss for Ishares Core £ Corp Bond Ucits Etf ETF
Ishares Core £ Corp Bond Ucits Etf finds support from accumulated volume at £121.18 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
In general the ETF tends to have very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the ETF moved £0.456 between high and low, or 0.376%. For the last week the ETF has had daily average volatility of 0.345%.
Our recommended stop-loss: £114.23 (-6.00%) (This ETF has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 30 days ago.)
Trading Expectations (SLXX.L) For The Upcoming Trading Day Of Wednesday 3rd
For the upcoming trading day on Wednesday, 3rd we expect Ishares Core £ Corp Bond Ucits Etf to open at £121.50, and during the day (based on 14 day Average True Range), to move between £120.85 and £122.21, which gives a possible trading interval of +/-£0.677 (+/-0.56%) up or down from last closing price. If Ishares Core £ Corp Bond Ucits Etf takes out the full calculated possible swing range there will be an estimated 1.11% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at £121.65 (0.10%) than the support at £121.18 (0.29%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.
Is Ishares Core £ Corp Bond Ucits Etf ETF A Buy?
Ishares Core £ Corp Bond Ucits Etf holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. We have upgraded our analysis conclusion for this ETF since the last evaluation from a Sell to a Hold/Accumulate candidate.
Current score: -0.500 Hold/Accumulate Upgraded
Predicted Opening Price for Ishares Core £ Corp Bond Ucits Etf of Wednesday, July 3, 2024
| Fair opening price July 3, 2024 | Current price |
|---|---|
| £121.50 ( 0.0265%) | £121.53 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for SLXX.L
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 121.95 | 0.349% |
| R2 | 121.78 | 0.206% |
| R1 | 121.67 | 0.117% |
| Price | 121.53 | |
| S1 | 121.32 | -0.170% |
| S2 | 121.22 | -0.259% |
| S3 | 121.04 | -0.402% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 122.25 | 0.592% |
| R2 | 122.10 | 0.469% |
| R1 | 121.65 | 0.0987% |
| Price | 121.53 | |
| S1 | 121.18 | -0.288% |
| S2 | 121.12 | -0.337% |
| S3 | 120.78 | -0.617% |
SLXX Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 14, 2024 | Mar 14, 2024 | Mar 27, 2024 | £1.38 | 1.12% |
| 2 | Dec 14, 2023 | Dec 14, 2023 | Dec 14, 2023 | £1.36 | 1.11% |
| 3 | Sep 14, 2023 | Sep 14, 2023 | Sep 14, 2023 | £1.36 | 1.16% |
| 4 | Jun 15, 2023 | Jun 15, 2023 | Jun 15, 2023 | £1.23 | 1.06% |
| 5 | Mar 16, 2023 | Mar 16, 2023 | Mar 16, 2023 | £1.13 | 0.94% |
FAQ
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